| TRUSTEES' ANNUAL | REPORT AND FINANCIAL STATEMENTS |
|---|---|
| FOR THE YEAR ENDED 30SEPTEMBER 2022 | |
| CONTENTS |
| PAGE | ||
|---|---|---|
| REPORT OF THE TRUSTEES | 1-4 | |
| INDEPENDENT | EXAMINER'S REPORT | |
| RECEIPTS AND | PAYMENTS ACCOUNT | |
| STATEMENT OF ASSETS AND LIABILITES | ||
| NOTES TO THE | FINANCIAL STATEMENTS | 8-10 |
| UNRESTRICTED | ENDOWMENT | TOTAL | TOTAL | |||
|---|---|---|---|---|---|---|
| FUND | FUND | FUND | FUND | |||
| 2022 | 2021 | |||||
| Notes | f | f | f | f. | ||
| INCOME AND EXPENDITURE | ||||||
| Income and Endowments | from | |||||
| Income | 71,303 | 71,303 | 71,508 | |||
| Total Income | 71,303 | 71,303 | 71,508 | |||
| EXPENDITURE ON | ||||||
| Charitable Activities |
||||||
| Grants | 43,200 | 43,200 | 34,500 | |||
| Support costs | 34,209 | 34,209 | 14,863 | |||
| Total Expenditure | 77,409 | 77,409 | 49,363 | |||
| Net income/expenditure | before other | gains/losses | (6,106) | (6,106) | 22,145 | |
| Other recognised gains/losses |
||||||
| Unrealised gains/(losses) leasehold properties |
on revaluation | of | 16,500 | 16,500 | '2,450 | |
| Net Movement In Funds |
(6,106) | 16,6OO | 10,394 | 24,595 | ||
| Reconciliation ofFunds |
||||||
| Funds brought forward |
33,671 | 457,500 | 491,171 | 466,676 | ||
| TOTAL FUNDS CARRIED FORWARD | AT | |||||
| 30SEPTEMBER 2022 | page 7 | 27,666 | 474,000 | 501,665 | 491,171 |
| Notes | 2022 | 2021 | ||
|---|---|---|---|---|
| 5 | 5 | |||
| Fixed Assets | ||||
| Leasehold properties |
investments | 474,000 | 457,500 | |
| 474,000 | 457,500 | |||
| Current Assets | ||||
| Cash at bank | 27,565 | 33,671 | ||
| Total current assets | 27,565 | 33,671 | ||
| Net assets | 501,565 | 491,171 | ||
| Funds ofthe Charity | ||||
| Unrestricted Fund |
page 6 | 27,565 | 33,671 | |
| Endowment Fund |
page 6 | 474,000 | 457,500 | |
| TotalFunds | 601,666 | 491,171 |
| 2.Leasehold properties ( |
End | owm | e | nt Fund) |
||||||
|---|---|---|---|---|---|---|---|---|---|---|
| 2022 E |
2021f | |||||||||
| Value brought forward as at 30September 2021 |
457,500 | 455,050 | ||||||||
| Revaluation | 16,500 | 2,450 | ||||||||
| Value carried forward as at | 30 | September 2022 | 474,000 | 457,500 | ||||||
| The properties comprise shops |
and | flats from which | rental income is received. | |||||||
| Formal valuations ofthe leaseholds |
are carried out every 3-5years. | The last | formal | valuations | were undertaken | by | ||||
| Maunder Taylor on 30September |
2022, who also collect the rental income. | |||||||||
| 3.Income | ||||||||||
| 2022f | 2021 | |||||||||
| Rental | 71,296 | 71,508 | ||||||||
| Bank interest | 6 | |||||||||
| 71,303 | '71;508 | |||||||||
| 4.Charitable Grants and Support |
Costs | |||||||||
| 2022f | 2021 | |||||||||
| Charitable Grants to institutions |
||||||||||
| National Trust of Scotland |
7,500 | |||||||||
| Speakers Trust | 8,250 | 5,OO() | ||||||||
| Other grants | 27,450 | 29,500, | ||||||||
| 36grants were paid during | the | |||||||||
| year (2021:29grants) | 43,200 | 34,500 | ||||||||
| As at 30September 2022, | the | charity had committed | to make grants off22,125 in | future years. | ||||||
| Support costs | ||||||||||
| BDBPitmans LLP - administration |
fees | 1,800 | ||||||||
| Maunder Taylor - management |
fees | 3,150 | 3,967 | |||||||
| Property repairs and maintenance | 25,435 | 2,111 | ||||||||
| Rent, rates and insurance | 2,154 | 2,222 | ||||||||
| Legal fees | 2,700 | 1,978 | ||||||||
| Lease renewal fees | 680 | 2,700 | ||||||||
| CAF bank charges | 90 | 87 | ||||||||
| Total support costs | 34,209 | 14,883 | ||||||||
| Total charitable grants and |
support | costs | 77,409 | 49,363 |
| 6.Cash a | t b | ank | ||||
|---|---|---|---|---|---|---|
| 2022 | 2021 | |||||
| 6 | ||||||
| CAF bank | 10,614 | 23,093 | ||||
| Maunder | Taylor rent account | 16,951 | 10,578 | |||
| 27,565 | 33,671 | |||||
| 7.Summary | offund movements | |||||
| Balance | Income/ | Expenditure/ | Balance | |||
| 8/fwd | gains | losses | C/fwd | |||
| 2021/22 | ||||||
| Unrestricted | Fund | 33,671 | 71,303 | (77,409) | 27,565 | |
| Endowment | Fund | 457,500 | 16,500 | 474,000- | ||
| Total | 491,171 | 87,803 | (77,409) | 501,565 | ||
| 2020/21 | ||||||
| Unrestricted | Fund | 11,526 | 71,508 | (49,363) | 33,671 | |
| Endowment | Fund | 455,050 | 2,450 | 457,500 | ||
| Total | 466,576 | 73,958 | (49,363) | 491,171 |